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20121211
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Search Results 0 to 49 of about 95 (some duplicates have been removed)
MSNBC
Dec 11, 2012 2:30am PST
sign it and make it into a new law. >>> first rule of the fiscal cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open to spending cuts but held firm to raising taxes on the wealthiest americans. >> what you need is a package that keeps tacks where they are for middle-class families, we make some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a splietly higher tax rate and that's a sprins pl i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all of our tax breaks and then we're asking students to pay higher student loans. >> ah,
CNBC
Dec 11, 2012 4:00pm EST
. >> what a move in the extend hours. brian, thanks very much. brian schactman, fiscal cliff talk. >> and form er fed chair alan greenspan is here and dow component dupont, is it holding back on investing and hiring because of the fiscal cliff? we'll speak to the boss ellen bowman giving me her cliff notes so stick around. ericans believee in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> welcome back. breaking news. let's get to jackie d'angelis on dupont. >> announcing a share buyback program and the company updating its guidance for 202012 on the previous guidance, the high end of the range of $3.25 to $3.30 in the earnings per share. the company also announced its outlooks in earnings to growth and low to mid-single digits. growth in the
CSPAN
Dec 11, 2012 7:00am EST
how he is doing in the fiscal cliff tops. headline is the president and the speaker both press each other. so that the latest in the back and forth on the fiscal cliff talks. the polls out, this is one from gallup. and the new york post shows this poll -- back to our topic, our question, do you support or oppose right-to-work laws? paul in utica, michigan, democrat. caller: i live in suburban detroit. i am a retired union worker, not automotive, by the way. i don't think my union is a thug in any way, but i think it's a sad day for the state of michigan. if the workers in this country cannot look to michigan like they always have, for a decent pay, and i think that is where we are headed, i just think it is a sad day. all the people who voted for these republicans, they are going to get what they asked for. this is what is going on here. i really sad about it. host: the car czar for michigan said it's a choice between your jobs and higher wages or more jobs and lower wages. ay we may end up with lower wages. it is a move in the wrong direction. i think we would have gotten more jobs year even without this. as the automotive and the economy grew here. i think i
FOX Business
Dec 11, 2012 11:00am EST
dollars. back to you. connell: as we get close to this fiscal cliff, both sides agreeing to get serious. we have heard the house speaker will update us on the talks within that hour from house floor. we will hear what speaker banner has to say. joining us right now are to congressman. would you vote if there was an agreement? >> i think it will be a balanced plan that will increase revenues by raising the rates on upper income families, but, at the same time, agreeing to substantial cuts. connell: the reason i started by asking that question is because i am sure it is frustrating, the members of congress to not be involved in this. this is two guys behind closed doors. what about from your side of it. will the speaker have the votes, even if he gives in? >> we do not know. as you suggested, you cannot have 218 or 435 or 535 people in a room trying to negotiate. this is the way you kind of have to do it. one on one. he needs 217 other people in the house and 60 people in the senate to make that deal because law and actually ring that deal through. i do not think there is any guarantees either way. connell: what cannot be in this deal? what is a dealbreak
ABC
Dec 11, 2012 6:00am PST
% stake in jury -- virgin atlantic. possible progress in fiscal cliff talks feds kicking off two day meeting. economists expect that will result in additional economic stimulus. here is how the market is doing, dow 60 points higher. bloomberg index up by more than 1%. have you heard of the apple tax? average american household spent $444 on apple products last year. the number is up sharply from $295 in 2010. $150 in 2007. analysts says if apple tv comes to u.s. homes next year spending will double to $888 by 2015. live at the new york stock exchange, i'm jane king. >> with an annual income of about $50,000 that's almost 1% people are spending on apple products. all going to cupertino. >> next year could be double that with the tv mind-boggling. >>> you may want to be watching tv in the days ahead. this morning you can get out. >> like we do every night we watch abc family. >> may want to watch tv because we all have bills to pay. >> keep watching us. >> exactly. don't take food off our family's -- kidding that. roof of mine that you are helping puttover my head does leak. guilt trip
CNN
Dec 11, 2012 4:00am PST
are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news if you are a political reporter, shannon travis live in washington, d.c.. there are some people who say well, let's read into the silence, because that's all we're getting and it's good news. do you feel that way? >> could be potentially good news. there is this notion of not negotiating through the media. the stakes are high, puts pressure on both sides. so on? that sense, as much as we would love to know what's going on in these discussions, it might be good to take some of the pressure off. i will read a statement from house speaker john boehner's press secretary. discussions with the white house are taking place, but we have no detail to share about the substances of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. obviously, the president is saying he is waiting as well, soledad. waiting fo
CNN
Dec 11, 2012 2:00am PST
john boehner and his aides were quietly conducting behind the scenes fiscal cliff talks with the white house. on capitol hill for one day at least, all was pretty quiet. posturing and finger pointing kind of stopped. cnn political reporter shannon travis joins us now live from washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no
CSPAN
Dec 11, 2012 10:00am EST
continue on the fiscal cliff. this morning "washington journal" talk to a business representative about his take on the negotiations. host: let's begin with what is business forward, how did it come about? guest: is simple mission. our job is to make it easier for business leaders in the country who care about policy issues but did not have a washington office or a lobbyist, to speak about the issues of public policy. host: is this a brand-new organization? who is involved? >> we have been around 3 1/2 years, supported by some of the biggest companies of the world, with business leaders are in the country. we go out to small business owners, entrepreneurs, venture capitalist to get them involved in policy-making. what we do is we bring administration officials, members of congress, governors out to cities around the country to be briefings with business leaders. what we also do is bring the business leaders to washington. we tell them how to grow jobs and accelerate. host: what did the business leaders say to the president and how did it come about? guest: we have been doing this
CNN
Dec 11, 2012 12:00am PST
break and talk about the fiscal cliff. talking about ridiculous situations. i want to get your latest on that and the latest on the deadly prank apology. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> if we had any idea that something like this could have been even possible to happen, you know, we couldn't see this happening. it was meant to be a prank call. >> it's nothing more than a tragic turn of events that no one could have predicted. and you know, for the part we played in it, we're obviously -- we're incredibly sorry. >> two australian deejays apo
CNBC
Dec 10, 2012 7:00pm EST
javers has the details. good evening. >> reporter: good evening. we are monitoring fiscal cliff talks. it's been radio silence from democrats and republicans in washington. they're sticking to preagreed upon talking points explaining that lines of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >> meanwhile, you're right. the president was in detroit where he continued his outside-inside game of running a campaign-style effort to jin up popular support for the fiscal cliff. because he was in michigan he took a whack at the proposed legislation -- the so-called right to work legislation. listen to the president. >> these so-called right to w
CBS
Dec 11, 2012 7:00am PST
covering the fiscal talks. good morning. >> reporter: good morning and good morning to our viewers out west. one thing has been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide to speaker john boehner. no discernible progress toward breaking the fiscal cliff stalemate. mr. obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. >> reporter: boehner and house republicans want to preserve all the bush era tax rates due to expire at year's end, shielding everyone from a tax increase. mr. obama wants to raise them for households earning mor
PBS
Dec 10, 2012 6:30pm PST
medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >> tom: that and more tonight on nbr! >> susie: president obama was in michigan today, campaigning on his plan to avert the fiscal cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly, a school doesn't have school books becau
MSNBC
Dec 11, 2012 9:00am PST
. >> that was speaker of the house john boehner making remarks on the status of the fiscal cliff negotiations. jim, not giving us a ton to chew on there other than talking about a sea of red i think as far as the eye can see and the lack of seriousness. >> sharp ability to cut to the real matter. i think people are scratching their head at why we just had to watch that. >> you never know. there has been silence, right? there has been silence for the last two days, so perhaps, as david corn suggested to me earlier in makeup, this is boehner's bid to get some air time. >> yes. >> i think the story is pretty simple. the republicans are going to keep saying that every single day, and the president is going to keep saying raise taxes every single day until behind the scenes the two of them get a deal. i am still an optimist that they will get a deal. i think it's manifestly in both of their self interests. i don't think the president's hand is as strong as he thinks it is, and i think boehner has much more incentive than he leads on to figure out a way to get a deal to avert this. neither of these men want to go in to next year with a bad economy. that's exactly w
MSNBC
Dec 11, 2012 10:00am PST
are wondering when the president will get serious when wh it comes to the fiscal cliff talks. meanwhile, nbc's first read team says any deal reached should be a fragile one or could be. "news nation" is coming up in three. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99.
MSNBC
Dec 10, 2012 8:00pm PST
real concession in the fiscal cliff talks. raising the medicare eligibility age from 65 to 67. why would democrats offer it? are they really going to do it? to get a tax deal done they would do that? the idea was first brought up during the grand bargain talks of 2011. the white house seemed open to the concept at the time. >> it's been reported the president is willing to look at things like raising the retirement age and medicare, additional savings in medicare. >> now a democratic aide tells the new republic the president put it on the table once before. i wouldn't be surprised if he did it again. for progressives it's a bad idea, because medicare is a program that works. and raising the retirement age isn't going to solve the problem at all. in fact, raising the eligibility age would shift costs elsewhere. but republicans seem ready for a fight with the president. >> he is afraid of going into a progressive meeting and say if we don't adjust the age for retirement and means test benefits for social security and medicare, they're going to go bankrupt. >> nancy pelosi was skeptic
MSNBC
Dec 11, 2012 1:00pm PST
comments from harry reid about the lack of progress on the fiscal cliff talks really put the brakes on today's rally. at the close we saw the dow gaining 78 points. the s&p adding 9 points. the nasdaq up 35. that's it from cnbc, first in business worldwide. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible
CNN
Dec 10, 2012 6:00pm PST
take a break and talk about the fiscal cliff. talking about ridiculous situati situations. i want to get your latest on that and the latest on the deadlyppaologapology. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ together for your future. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower.
CNN
Dec 10, 2012 9:00pm PST
so pulled apart on each edge. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situations. i want to get your latest on that and the latest on the deadly prank apology. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. it's me? alright emma, i know it's not your favorite but it's time for your medicine, okay? you ready? one, two, three. [ both ] ♪ emma, emma bo-bemma ♪ banana-fana-fo-femma ♪ fee-fi-fo-femma ♪ em-ma very good sweety, how do you feel? good. yeah? you did a really good job, okay? [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. woman: what do
CBS
Dec 10, 2012 6:00pm PST
. >>> coming up in our next half hour, the president takes his fiscal cliff case trend -- tonight road. >>> don't talk about them like they are give aways. >> what some see as the only way to get both sides to compromise on taxes. >>> music fans mourn the loss of a singing superstar. how jenni rivera is being remembered for more than her music. >> we couldn't see this happening. >>> their prank may have cost a woman her life. now we hear for the first frame those disc jockeys who set off a fire storm. secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. the president and house republicans have just three weeks to find a compromise o stop automatic tax hikes and spending cuts. and both sides say they're ready to . cbs reporter danielle nottim on the "sacred cow" that mit be key to the solution. suggested lead: the pres >>> now at 6:30, president obama hits the road to sell his solution for avoiding the fiscal cliff. the president and the house republicans have j
FOX News
Dec 11, 2012 10:00am PST
because, of course, he was supposed to be talking about the fiscal cliff, but he pivoted away from that subject, and he brought up this michigan right-to-work battle. how unusual, how unexpected was it that he weighed into this fray? >> well, we're starting to get a clearer and clearer picture of what second term barack obama looks like and what second term barack obama looks like is very different than first term. you remember in the first term when we had a similar situation in wisconsin after the 2010 elections where republicans swept into the statehouse there and tried something different as it related to collective bargaining rights, if power of collective bargaining for government workers. this is theoretically a less divisive issue. in wisconsin the president stood nearly silent. in michigan the president goes there the day before this mass demonstration and fires up the crowd. that didn't sound like a middle class tax relief outing, that sounded like the president firing up the base ahead of a day of maas demonstrations. alisyn: as you point out, chris, two years ago when t
CBS
Dec 10, 2012 5:00pm PST
security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are give aways. these are programs that people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. in washington, danielle nottingham, cbs 5. >>> cell phones on the streets. the plan the give california's homeless their own phone and the reason supporters claim the program will help create jobs. >>> plus. >> we're so sorry this has happened. >> . >>> it was a radio prank with a tragic end. the radio djs apologize. >>> it is a different kind of plan, one for your bank account. the step to take for a financial diet and how much money you could actual slave. ,,,,,, cell phones for low income californians. >>> we have food stamps and housing assistance and soon free cell phones for low income people. >> the new program, who qualifies and why some see it as a way up. grace. >> reporter: allen, this is already available in
CNN
Dec 11, 2012 9:00am PST
people watching closely, trying to avoid the fiscal cliff which would mean tax hikes for almost all americans but also severe cuts as well. they are debating that publicly as well as privately. i want to talk more about the rebel group that we had mention before in syria, that is now designated a new terrorist organization, cnn's hala gorani joining us atlanta. hala, first of all, you've got the syrian rebels, they're there fighting al assad's government. now the u.s. government, state department, steps in and says, a small faction of this group is considered a terrorist organization. what does that mean on the ground in syria for the rebel forces? >> well, it's hard to tell if it's going to mean anything, really. because what we're hearing now, uniformly from rebel groups on the ground after the designation by the united states of the nusra front as a foreign terrorist organization, look you can't not arm us, not finance us, and at the same time tell us not to rely on the best sort of armed and financed subgroup in the anti-assad fight. so rebel groups are saying you're putting us in a difficult position. they're having in some cases to rely on the jihadist group and its tactics reminiscent of
FOX Business
Dec 11, 2012 1:00pm EST
president obama will "get serious in fiscal talks." there are just 20 days left until we are at risk of going over the fiscal cliff. let's get you updated on the market as we do every 15 minutes, stocks now. let's go to the floor of the new york stock exchange. the market having a good day today. nicole: indeed. we have been over the 13,300 mark but still holding onto stellar games, lori and melissa. so up triple digits up 110 points so really is a nice showing. 28 of the 30 dow components in the green. we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top. talking about their expectations of ben bernanke. nicole: would even throw out the idea of stimulus? that helped things along push
CNN
Dec 11, 2012 6:00am PST
. >> ron, the "national review" is reporting that if the fiscal cliff talks go sour, that john boehner might have a challenge for his speaker post. do you agree with that? >> i think speaker boehner is extremely strong in his position. he's been very, very smart, including the republican leadership, in his negotiations. while it's just him and president obama, he has them inside the room before he goes and meets with the president, he talks to them and they reflect the views of the entire conference. the key here with the entire deal is that the devil is in the details. once these details come out, it's going to take arm-twisting by both sides. it's going to take calls from the president and democrats. it's going to take the speaker to make sure republican conference members are falling into line and that's where we're going to see, when the rubber meets the road, if this deal can get done. remember, you know, health care reform by the president passed on december 24th. so we do have a president there just going right up to christmas. and if it doesn't happen at christmastime, they'll
ABC
Dec 11, 2012 1:40am PST
the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >> reporter: several republicans indicated that's a concession they're willing to make. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> reporter: if nothing is done by january 1, income taxes will go up on almost all americans. >> there are no meetings scheduled this week between the president and house speaker john boehner. rob and paula, back to you. >>> the navy s.e.a.l. who died in that mission to rescue a kidnapped american doctor has been identified. nicholas checque was just 28 years old, but for the much of the last decade he had been part of navy s.e.a.l. team 6. the decisi
MSNBC
Dec 11, 2012 3:00am PST
leaders and ceos and what should be done about the fiscal cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota, texas and across the country, if you did more to get high skilled immigrants into town, you could not only have an economic recovery but an economic boom. there's a lot of agreement off the record on this, but that politicians on both sides are scared to go out there and be the first to say, hey, let's do these big things that could have an appreciable effect on the economy. >> steve, do you agree with that assessment? what are the big things that need to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will change the tax code, change th
FOX Business
Dec 10, 2012 7:00pm EST
fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks ri
CNBC
Dec 11, 2012 12:00pm EST
terranova, josh brown and steven weiss. lots to talk about. we'll start with the fiscal cliff and stock market. stoc stoc stocks paring their gains just a bit. amid reports in washington talks on the fiscal cliff have taken a positive turn. steve weis, market seems to be anticipating a deal. >> all we've done is ratchet up the now if there is no deal or it's an ugly looking deal we've got much more risk in the market. because the market is assuming that a deal will happen. it's assuming we won't go off the cliff. if you take what boehner just said, to me it's actually good news that the market didn't really respond. because it's negotiation as usual. boehner was really only talking about the cost cuts that he's looking for from obama. obama's just trying to negotiate. so i don't even know why he spoke today. maybe to throw some cold water on the notion or maybe throw hope. we don't know. the point is ignore the headlines. let's just -- just invest for longer term. >> josh, what do you make of the 100-point move we're seeing in the dow today? it is the fifth straight session that the dow has been higher. we haven't had a stretch like that since march. >> scott, bank of america
CBS
Dec 11, 2012 4:00am PST
cliff debate. >> don't talk about them as if they're entitlement reforms and giveaways. these are programs that people have paid for over their entire working lives and have earned these programs. >> reporter: if lawmakers and the president don't find a compromise, taxes for all american will go up, and across-the-board spending cuts will kick in on january 1. danielle nottingham, cbs news, washington. >>> secretary of state hillary clinton canceled a trip to north africa in the middle east because of a stomach virus. the focus of the trip is the crisis in syria. and the obama administration has granted one group affiliated with the rebels a terrorist organization that has alleged ties to al qaeda. any assets in the u.s. are frozen, and americans are barred from doing business with it. >>> the body of the navy s.e.a.l. killed during a mission to rescue an american doctor from the taliban is on its way home. the family of dr. dilip joseph released a statement praising the s.e.a.l.'s hero im. he was part of seal team six, the unit that killed osama bin laden. it remain unclear if he
FOX Business
Dec 10, 2012 10:00pm EST
. stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to see whetether washington can wok out a deal to aid the scal cliff. stocks rising, well, modestly is a big, strg word for what happened. technology stocks helping the do
PBS
Dec 10, 2012 6:00pm PST
public support for a fiscal cliff agreement. it came a day after he resumed talking with the top house republican, and as a year-end deadline moved even closer. the president took his public campaign for a deficit deal on his terms to the daimler diesel plant in redford michigan. >> if congress doesn't act soon meaning in the next few weeks, starting on january 1, everybody is going to see their income taxes go up. it's true. y'all don't like that? >> no! woodruff: instead, mr. obama again pressed for raising tax rates on the top two percent of incomes. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> woodruff: his michigan visit came a day after the president and house speaker john boehner met privately at the white house. their first one-on-one session since the election. neither side gave any details about what was discussed. instead they issued identical statements saying that lines of co
CNBC
Dec 11, 2012 6:00pm EST
love. we have to love the fiscal cliff. the leaders i talked to today know their actions will take us over a cliff. i understand there is now perception among the media. the no tax increase republican ares regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the garrets are over there. got a question either people don't know about the cliff or they believe that the deal will be done. and they that they have fulfilled the nor quist pledge. where were the republicans when they cut taxes from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons programs that don't fit in the terrorism world. how about foreign aid and maybe trying to be hel
FOX Business
Dec 11, 2012 12:00am EST
hikes for wealthier ericans as it is? >> people talk about the fiscal cliff as if it is one ing. it is three. there's the obamacare taxes. to pay for obacare were delayed until after he got himself safely elected. so in the next decade there are a trillion dollars of higher taxes. five of those big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending rerain sequester, which obama wants to put off. that would save 1.2 trillion over a decade. he wants to put it off and spend the 1.2 trillion. melissa: all true but you know what? at this point it seems like it is not resonating with the averaae american. go out and loo at polls. quinnipiac said 77% of all republicans think it is a bad idea for lawmakers to promise never to raise taxes. >>o, no, read that poll. melissa: reading it verbatim. >> the question was, ould you not raise taxes on the high income earners, whatever. melissa: to never raise taxes on wealthy under any circumstance? >> okay. the pledge of cour
CNN
Dec 11, 2012 1:00pm PST
. lisa, thanks. >>> the fiscal cliff talks have been happening. they are getting grief from some members of their own parties. does the public have a right to know what is going on behind closed doors? our strategy session is next. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. for a professional cleansing device? join the counter revolution and switch to olay pro-x. get cleansing results as effective as a $200 system. guaranteed or your money back. olay pro-x. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love
CNBC
Dec 11, 2012 1:00pm EST
the personality. no peter lynch in stocks anymore. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as
CSPAN
Dec 11, 2012 12:00pm EST
fiscal cliff talks. two different perspectives for you here. isabel sawhill, brookings institution. brookings center on children and families. james capretta ethics and public policy center and visiting scholar at aei. let me begin with you. are these potential domestic cuts under sequestration devastating or manageable? >> guest: somewhere in between. not a good idea. they would be very deep cuts, you know, an 8% cut across the board is a very significant one-time cut for any program to sustain in immediate year period. so they're not a good idea. would it be the end of the world, no? >> host: what do you mean by that? >> guest: well, i mean there would be downsizing of a lot of services across the government in terms of the domestic accounts. so it would be fewer services being provided. there would be reduced federal employees. some grant programs would take a haircut of five, 10%. so there would be downsizing of the services provided by the federal government. but the economy would go on and the government would go on and the public would still continue to get by and large serv
PBS
Dec 11, 2012 12:00am PST
hurricane sandy. further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the portfolio into infrastructure and financial services. we like where the portfolio is today. we think in the infrastructure space there's going to be roughly $4 trillion spent each year, so it's an attractive big market. globally is where our opportunities are so the company's -- probably a decade ago 30% of our revenues were outside the united states. now it's more like 60% or 65%. so we think we've got the portfolio we want. we've dramatically increased the amount of technology. and in the end i think technology and innovation are the competitive advantage. we've got a good global footprint. we're in 140 countries. and we've got these deep relationships with customers so i think it's portfolio, technology, customers and real innov
CSPAN
Dec 11, 2012 5:00pm EST
, smaller business owners. host: so for these members, what are their key concerns with the fiscal cliff talks? guest: so for most small business owners and senior executives at big, big companies, the fear is that going over the cliff, even on a technical term is going to cause more uncertainty, increase their borrowing cost, and it's going to put our economic recovery at risk. and most point to simpson bowles and understand that we have to raise revenue and we also have to control spending, they generally like the outlines of simpson bowles deal they like the principles behind it, those are pretty clear, pred spread the cost, protect the most vulnerable, don't disrupt the economic recovery, try to simplify the tax code while you're at it. they generally support those principles. >> do you think a recession could happen if we go off this fiscal cliff? guest: they do. i think there's a qualitative difference this year and last. we saw business leaders were concerned that washington wasn't going to come together with a deal and it could end badly. but it was a more muted concern. i think they trusted
CNBC
Dec 11, 2012 6:00am EST
they are doing their part to rise above partisan politics and reach a deal on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning's papers, you see a number of arti
MSNBC
Dec 11, 2012 12:00pm PST
this in weeks to come. >>> straight ahead, i've been gone for five days and we're talking fiscal cliff? word is there are new signs of progress. we'll talk it over with joan walsh next as "the cycle" rolls on for tuesday, december 11th, 2012. ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell
CSPAN
Dec 11, 2012 5:00pm EST
cuts on the table for fiscal cliff talks. two different perspectives for you. james capretta, senior fellow bookings institution, codirector on senior families and james capretta come for ethics and public policy center and visiting scholar at aei. let me begin with you. are these potential cuts under sequestration devastating are manageable? >> somewhere in between. they are not a good idea. they would be very deep cuts. in a percent cut across the board is a very significant one-time cut for any program to sustain in an immediate year. here they are not a good idea. to be the end of the world? no. >> host: what you mean by that? >> guest: downsizing in terms of the domestic accounts. so fewer services provided. reduced federal employees, grant programs would take a haircut of 5%, 10%. david downsizing of services by the federal government. but the economy would go on and the government would go on in the public would still continue to get by in large served. >> host: can agencies manage this? castaways managed in the past. none of this size. this would be the biggest to my
FOX Business
Dec 10, 2012 11:00pm EST
gears on the budget impasse talk the fiscal cliff for the brink. many say republicans give away the store. >> if they d they are with tax hikes but no reduction of spending then they give away the store. >> they have to enforce the promise. neil: that makes sense or make it happen when the spending cuts have been. >> t extend the bush tax cut by then they should do all spending cuts simultaneous with each other simpson bowles mak sense but if they don't happ it is an excuse. neil: it is peppered with good intention of leaders whose say stick to your end of the bargain. >> money has to be on the table. criminal defenseawyers they of front because they dot pay. [laughter] give mmy retainer. you can do when. republicans coulgive on the rate. 37 ha in return when the $1 tllion of spending cuts have been. what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still he
CNBC
Dec 11, 2012 4:00am EST
this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, trying to figure out what will happen, where we are and if there's any way to avoid that cliff, if there's a good way to come about with tax reform and a close look at what's been happening on the spending side, as well. we have a lineup of a lot of gets who are here. joining us this morning, early on we'll be joined by representative jeb henserling. he will give us on some of the insight on what is happening. we're talking to senators this morning. senator ron johnson will be joining us. and grove er nordquist. he is rite in the center of this base. a lot of people see him as a huge part of the problem. if you want to get something solved ahead of time. but there are oth
Current
Dec 11, 2012 3:00am PST
white to talk fiscal cliff with us. we're talking to amanda terkel from "huffington post" in the next hour. little little bit later in this hour, major neil franklin with a group called law enforcement against prohibition, they're not happy with so many police officers spending so much time chasing pot. we'll get into that with him. but first -- >> this is the "full court press". >> the most memorable quotes of the year. the top two belong to mitt romney. number one -- the number one most memorable quote is the 47% comment that was caught on video. number two is binders full of women. and a quote from president obama is number three. that was his you didn't build that comment. also in the top five, the president's horses and bayonets jab during the debate. >> bill: yeah. we can do that until the end of the year. pull our favorite clips from the campaign. >> bill: 9-9-9. >> some of the clint eastwood stuff could have been in there. >> bill: newt gingrich and the moon. >> plenty of talk about people shaving hair in washington arrive brad woodhouse from the dnc buzzed his head and david
PBS
Dec 11, 2012 1:00am PST
house budget committee tells "nightly business report" he is optimistic about getting a fiscal cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the status of the talks. >> well, the good news is that the president and the speaker of the house are now in face-to-face discussions. it's always better to be talking than not. the other development is that increasingly congressional republicans recognize that the position that they had staked out is unsustainable. >> one of the arguments we hear from some democrats is that the fiscal cliff isn't really a cliff, it's more like a slope and you could gradually go down it and the withholding from tax wouldn't kick in for a while and the spending cuts wouldn't hurt the economy for a while. do you think it is good idea to go over the deliver and it is more of a slope. >> no, i think would be a mistake to go over the fiscal cliff because it could set in motion lots of things that could be a drag on the economy. that being said, i think if it's clear that the parties were working toward a negotiation, that you could spill into january without d
CNBC
Dec 11, 2012 3:00pm EST
that far apart in your opinions on this stock, if only you were the ones negotiating the fiscal cliff. thanks so much for joining us on "talking numbers." >> up next, we'll ask leader from both parties what they are willing to give up. representative lynn jenkins and x xafier becerra will join mvier . >>> all right. let's take a look at markets as we head towards the close. 30 minutes left, maria, and, you know, the optimism of this morning has been tempered by those comments from senator harry reid, apparently, that we would not have a deal, he didn't think, before christmas, and that it was up to the republicans to make the first move on spending cut proposals, not the democrat and a 100-point gain became 573-point gain on the dow. the nasdaq still doing very well. technology hanging on to their gains. apple is up smartly today with a gain of almost $12, back to $541, and the s&p up as well, but, you , the mood, it's clear again, this is one of those days where wall street is keeping a very close eye on the nuances coming out of washington. >> what nuances there are. the republicans want spending cuts, and then they will, i guess, g
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